ranjan 1 Question 1 Answer 0 Best Answers View Profile 0 ranjan Asked: January 23, 2020In: Company how to Professional Tax Registration for private limited? 0 how to get profession tax registration certificate for company. Share Facebook 2 Answers Voted Oldest Recent Signyourdoc 9 Questions 8 Answers 0 Best Answers View Profile Signyourdoc Added an answer on January 25, 2020 at 6:57 am Profession Tax (PT) is a tax levied on the employment and Profession by respective State Government in India. In Karnataka, Profession Tax is levied under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976. Under the provision of the Act, Profession Tax shall be paid by every person exercising any Profession or calling or is engaged in any trade or holds any appointment, public or private as specified in the Schedule to the Act. Professional Tax is payable by the following ‘PERSONS’ (Individuals and Business Entities) engaged in any Profession, trade, callings or employment in the State of Karnataka: A. Employees Employees with Salary/Wage of Rs.15000 /- or more B. Employers (Business Organisations) Sole Proprietor Partnership Firm (Registered / Unregistered) Limited Company (Private / Public) Limited Liability Partnership Corporations and Corporate Bodies Hindu Undivided family (HUF) Trust / Society / Club / Association. There are two components to Professional Tax. 1. Professional Tax – Employer Every business is assumed as employer. Every business establishment must obtain the Professional Tax – Employer Registration / Enrolment Certificate (EC) within 30 days of commencement of business. The employer must pay professional tax of Rs.2500.00 to the Government annually. 2. Professional Tax – Employee Every employee whose income is Rs.15000 or more is liable to pay professional tax of Rs.200 per month. The employer is liable to pay this amount to the government deduct this amount from the salary of the employee. Professional Tax Employer Registration – Certificate of Enrollment (EC) Every business entity in Karnataka shall obtain the Certificate of Enrollment (EC) from the Profession Tax Officer within Thirty days from the date of commencement business. This registration is mandatory for business whether they employ any people in employment or not. Every registered business with Enrollment Certificate shall pay tax every year before 30th of April at the specified rates. The amount of tax payable by the employer and the date by which the amount to be paid shall be mentioned in every certificate of enrollment. If an employer has fails to obtain the registration or enrollment within the time specified, the assessing authority shall impose a penalty for delay in obtaining the Registration. The rate of Employer Professional Tax for Company, LLP and Partnership is Rs.2500.00 per year 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp ranjan 1 Question 1 Answer 0 Best Answers View Profile ranjan Replied to answer on January 25, 2020 at 7:37 am thanks 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Sorry, you do not have a permission to answer to this question.